French rainmaker Maris breaks up with boutique partner Messier

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Star banker Erik Maris is in the process of leaving investment banking boutique Messier Maris & Associés after a power struggle with partner Jean-Marie Messier, two sources with knowledge of the matter told Reuters.

FILE PHOTO: People ride bicycles on a bike path on the banks of the river Seine with the Pont Rouelle bridge and the Eiffel tower in the background in Paris during the outbreak coronavirus disease in France, May 14, 2020. REUTERS/Gonzalo Fuentes

The 56-year Frenchman has decided to quit the firm which he co-founded in 2010 with Messier, a former chairman and CEO of Vivendi, the sources said, speaking on condition of anonymity as the matter is confidential.His departure comes after Italian bank Mediobanca bought a 66% stake in Messier Maris & Associés in 2019 to boost its presence overseas.Mediobanca declined to comment.

The sources said Maris intends to move on after disagreements with Messier over strategy and management, as he no longer sees a future for himself at the firm. The pair built Messier Maris & Associés into France’s most successful M&A boutique, advising on more than 200 transactions including Veolia’s (

 

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Save us sir SAVE_STUDENTSOFINDIA

Havent seen such a fuss like this since bert and ernie had a fight.

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